VFIDX vs. PIGIX
VFIDX (Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares) and PIGIX (PIMCO Investment Grade Credit Bond Fund) are both mutual funds - VFIDX is a Total Bond Market fund managed by Vanguard, while PIGIX is a Corporate Bonds fund managed by PIMCO. Over the past 10 years, VFIDX returned 2.79%/yr vs 2.85%/yr for PIGIX. Their correlation of 0.90 suggests significant overlap in exposure. VFIDX charges 0.10%/yr vs 0.51%/yr for PIGIX.
Performance
VFIDX vs. PIGIX - Performance Comparison
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Returns By Period
In the year-to-date period, VFIDX achieves a 0.42% return, which is significantly lower than PIGIX's 0.51% return. Both investments have delivered pretty close results over the past 10 years, with VFIDX having a 2.79% annualized return and PIGIX not far ahead at 2.85%.
VFIDX
- 1D
- 0.11%
- 1M
- 0.66%
- YTD
- 0.42%
- 6M
- 0.50%
- 1Y
- 6.64%
- 3Y*
- 6.17%
- 5Y*
- 1.43%
- 10Y*
- 2.79%
PIGIX
- 1D
- 0.00%
- 1M
- 0.87%
- YTD
- 0.51%
- 6M
- 0.39%
- 1Y
- 6.47%
- 3Y*
- 5.63%
- 5Y*
- 0.58%
- 10Y*
- 2.85%
VFIDX vs. PIGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | 0.42% | 9.67% | 3.29% | 8.63% | -13.77% | -1.51% | 10.44% | 10.50% | -0.44% | 4.28% |
PIGIX PIMCO Investment Grade Credit Bond Fund | 0.51% | 8.52% | 3.28% | 7.97% | -16.67% | -1.03% | 7.53% | 14.75% | -1.99% | 7.96% |
Correlation
The correlation between VFIDX and PIGIX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2001 | 0.90 |
The correlation between VFIDX and PIGIX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
VFIDX vs. PIGIX — Risk / Return Rank
VFIDX
PIGIX
VFIDX vs. PIGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) and PIMCO Investment Grade Credit Bond Fund (PIGIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VFIDX | PIGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.67 | +0.36 |
| Martin ratioReturn relative to average drawdown | 7.00 | 5.47 | +1.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VFIDX | PIGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.41 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.09 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.49 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 1.06 | -0.18 |
Drawdowns
VFIDX vs. PIGIX - Drawdown Comparison
The maximum VFIDX drawdown since its inception was -20.14%, smaller than the maximum PIGIX drawdown of -23.09%. Use the drawdown chart below to compare losses from any high point for VFIDX and PIGIX.
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Drawdown Indicators
| VFIDX | PIGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.14% | -23.09% | +2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -3.98% | +0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -6.08% | -6.59% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.14% | -23.09% | +2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -20.14% | -23.09% | +2.95% |
Current DrawdownCurrent decline from peak | -1.06% | -1.35% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -3.07% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.21% | -0.24% |
Volatility
VFIDX vs. PIGIX - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) is 1.56%, while PIMCO Investment Grade Credit Bond Fund (PIGIX) has a volatility of 1.67%. This indicates that VFIDX experiences smaller price fluctuations and is considered to be less risky than PIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFIDX | PIGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.67% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 3.64% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 4.72% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 6.42% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 5.81% | -0.61% |
VFIDX vs. PIGIX - Expense Ratio Comparison
VFIDX has a 0.10% expense ratio, which is lower than PIGIX's 0.51% expense ratio.
Dividends
VFIDX vs. PIGIX - Dividend Comparison
VFIDX's dividend yield for the trailing twelve months is around 5.09%, more than PIGIX's 4.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIGIX PIMCO Investment Grade Credit Bond Fund | 4.86% | 4.69% | 4.37% | 3.48% | 3.37% | 4.50% | 3.81% | 3.93% | 4.22% | 4.47% | 3.91% | 6.70% |
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | 5.09% | 4.91% | 4.65% | 3.90% | 3.20% | 3.61% | 5.80% | 3.13% | 3.32% | 3.06% | 3.94% | 3.64% |
Frequently Asked Questions
With a correlation of 0.95, VFIDX and PIGIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PIGIX has higher volatility (1.67%) compared to VFIDX (1.56%). In terms of maximum drawdown, VFIDX dropped -20.14% vs PIGIX's -23.09%.
VFIDX currently has the higher Sharpe Ratio (1.59 vs 1.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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